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Gustavo Alaniz, Executive Director of the Mexican Center for Environmental Law (CEMDA), took part in the 29th Conference of the Parties to the UN Framework Convention on Climate Change (KS29)with headquarters in the city of Baku, the capital of Azerbaijan.

Alanis reported in Aristegui Live progress and issues raised on the second day of this international conference.

He emphasized that one of the central issues to be discussed is climate finance. Within this framework, the goal is to achieve net-zero emissions between 2040 and 2060. For the respective economies of the countries, a figure of seven trillion dollars is required.

“It’s expected to be approved – that’s what they call a new measurable collective goal. This is an opportunity to replace the $100 billion the international community has pledged to invest every year to help the poorest and most disadvantaged countries tackle greenhouse gas emissions. Today the figure we are talking about is that it takes from five and seven billion dollars annually to be able to effectively move towards an economy known as zero or net emissions. “This means some countries will achieve net zero emissions by 2040 or 2050,” Alanis noted.

He emphasized that loss and damage fund, previously approved at the Dubai summit, is still being determined.

“Last year a fund was proposed in Dubai known as the Loss and Damage Fund, and this means that this fund will be created so that the poor, most vulnerable countries affected by climate change can access resources that will help them adapt to climate change. “, he explained.

On renewable energy, COP29 will seek to continue a number of commitments that countries have voluntarily made since 2015, when it was signed. Paris Agreement. The consequences of each country’s compliance are presented. a set of goals that allow us to move towards reducing greenhouse gas emissions.

Given this panorama, Alanis noted The global goal is to help ensure that the planet’s temperature does not rise more than 1.5 degrees.

In relation to Mexicocommented on the role that should be presented in terms of proposals that contribute to the achievement of the goal.

” He climate action tracker He said what Mexico offered was not enough. In 2020, he said that this was extremely insufficient, and in 22-23 he said that this was not enough. critically insufficientthen Mexico has an important role to play,” he said.

Regarding carbon markets, Alanis emphasized that new rules governing the international carbon market were adopted yesterday, which, according to Alanis, means that “rich polluting countries can emissions compensation “buying credits from countries that have cut them, and then being able to offset emissions.”